Vietnam aims to gradually increase the rate of production and use of domestic pharmaceutical ingredients and promote the export of pharmaceutical products.
Deputy Prime Minister Le Thanh Long signed Decision 270/QD-TTg dated February 13, 2025 approving the "Pharmaceutical Industry Development Program to 2030, with a vision to 2045".
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| Vietnam aims to achieve an export growth rate of over 10% per year for some natural pharmaceutical products by 2030. Illustrative photo |
The objective of the Program is to develop the pharmaceutical industry, gradually increase the rate of production and use of domestic pharmaceutical ingredients and promote the export of pharmaceutical products.
Specifically, by 2030, strive to meet 20% of raw material demand for drug production; meet 50% of raw material demand for functional food and pharmaceutical cosmetics production domestically. The export growth rate of some natural pharmaceutical products (pharmaceuticals, quantitative extracts, essential oils rich in active ingredients) is over 10%/year.
By 2045, Vietnam's pharmaceutical industry will become a high-tech, modern, competitive industry and participate in the global pharmaceutical value chain. The growth rate of pharmaceutical industry production will reach 8-11%/year.
To achieve the set goals, according to the program, solutions need to be implemented, such as: Research, review, and perfect mechanisms, policies, and legal regulations on encouraging, supporting, and attracting investment in the development of the pharmaceutical industry in the direction of providing the highest level of incentives and support in terms of tax, land, finance, etc. for a number of activities such as research and development, investment in production, technology transfer, especially new technology, core technology, technology for manufacturing high-quality, high-value pharmaceutical products.
Increase attraction of domestic enterprises and multinational pharmaceutical corporations to invest in the production of pharmaceutical products by chemical synthesis and chemical biosynthesis methods. Encourage and support Vietnamese enterprises to invest in the extraction and refinement of natural pharmaceutical products according to the value chain from cultivation, care, exploitation, preliminary processing of medicinal materials to production and distribution of products.
Review, reform, and simplify administrative procedures for investment, production, business, trade promotion, export, and international cooperation activities in the pharmaceutical field. Support organizations and individuals in registering patents and protecting intellectual property rights for new pharmaceutical products; register product circulation, and support clinical trials for drugs prepared from domestic pharmaceutical products. Research and develop high-quality pharmaceutical products that can replace imported products.
Promote research and development activities, technology transfer in the field of pharmaceutical chemistry; train and ensure adequate human resource requirements for the pharmaceutical chemistry industry, focusing on training high-quality human resources. Support and create favorable conditions to attract experts, scientists, experienced managers who are foreigners, Vietnamese people living abroad to work in the field of pharmaceutical chemistry in Vietnam...
Source: https://congthuong.vn/viet-nam-thuc-day-xuat-khau-cac-san-pham-hoa-duoc-373726.html
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